Welcome to the second edition of our newsletter, Industry multiples in the Gulf Cooperation Council (GCC), providing updated data that reflects shifts in the region’s economic landscape. The GCC–comprising Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE)–remains on a strong economic growth path, supported by government policies, strategic investments and a focus on sustainable development.
Analyzing the implied multiples of over 150 listed companies across 10 key sectors, we observed strong momentum in healthcare, hospitality, and insurancein Q2 2024. Increased tourism boosted the hospitality sector, while healthcare benefited from strong market confidence, supported by regional investments in healthcare. The education sector continued its upward trend, fueled by government initiatives, rising GDP and a focus on STEM education. Meanwhile, the energy sector remained stable despite global fluctuations. Both the insurance and banking sectors demonstrated resilience, supported by favorable policies and market conditions.
As the GCC’s capital markets mature, our findings provide valuable insight into industry performance across the region. We would be delighted to discuss any of the topics covered in this publication.
